Nano Nuclear Energy Inc. $NNE Shares Sold by Virtu Financial LLC

Virtu Financial LLC lessened its stake in Nano Nuclear Energy Inc. (NASDAQ:NNE) by 70.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,977 shares of the company’s stock after selling 83,855 shares during the period. Virtu Financial LLC’s holdings in Nano Nuclear Energy were worth $864,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Harbour Investments Inc. raised its holdings in Nano Nuclear Energy by 275.7% during the fourth quarter. Harbour Investments Inc. now owns 1,176 shares of the company’s stock worth $28,000 after purchasing an additional 863 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Nano Nuclear Energy by 165.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,339 shares of the company’s stock valued at $32,000 after purchasing an additional 835 shares in the last quarter. US Bancorp DE increased its position in shares of Nano Nuclear Energy by 51.9% during the 3rd quarter. US Bancorp DE now owns 1,171 shares of the company’s stock valued at $45,000 after purchasing an additional 400 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Nano Nuclear Energy during the 3rd quarter valued at $48,000. Finally, NewEdge Advisors LLC increased its position in shares of Nano Nuclear Energy by 385.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,914 shares of the company’s stock valued at $51,000 after purchasing an additional 1,520 shares during the period.

Insider Transactions at Nano Nuclear Energy

In other news, Director Seth Jason Berl sold 3,750 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $24.92, for a total transaction of $93,450.00. Following the transaction, the director owned 7,586 shares in the company, valued at $189,043.12. This represents a 33.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO James John Walker sold 123,688 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $26.49, for a total transaction of $3,276,495.12. Following the transaction, the chief executive officer owned 555,000 shares in the company, valued at $14,701,950. This represents a 18.22% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,616,981 shares of company stock valued at $43,096,346 in the last ninety days. 32.77% of the stock is currently owned by insiders.

Nano Nuclear Energy Stock Performance

NASDAQ NNE opened at $28.21 on Monday. The firm’s 50 day moving average price is $25.48 and its two-hundred day moving average price is $27.17. Nano Nuclear Energy Inc. has a twelve month low of $18.93 and a twelve month high of $60.87. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of -40.88 and a beta of 5.06.

Nano Nuclear Energy (NASDAQ:NNE) last released its earnings results on Thursday, May 14th. The company reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.08. On average, research analysts forecast that Nano Nuclear Energy Inc. will post -0.95 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NNE. Wall Street Zen upgraded shares of Nano Nuclear Energy from a “strong sell” rating to a “sell” rating in a research report on Monday, June 8th. Roth Mkm initiated coverage on shares of Nano Nuclear Energy in a research note on Wednesday. They issued a “buy” rating and a $45.00 price objective on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Nano Nuclear Energy in a research note on Tuesday, April 21st. Finally, Benchmark reiterated a “buy” rating on shares of Nano Nuclear Energy in a report on Wednesday, May 27th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Nano Nuclear Energy currently has a consensus rating of “Moderate Buy” and an average target price of $46.50.

About Nano Nuclear Energy

NANO Nuclear Energy, Inc is a microreactor and nuclear technology company, which provides supply energy services. Its products in technical development are ZEUS, a solid core battery reactor, and ODIN, a low-pressure coolant reactor. The company is founded by Jiang Yu in February, 2022 and is headquartered in New York, NY.